A new survey conducted by Aite Group found that the buy side is pining not just for ever faster computers and faultless algos, but for a real human being who can help clients understand the market and use algorithmic tools effectively.
According to the report, 87 percent of broker-dealers believe “execution consulting services” (ECS) have become more important to them as a differentiator than core liquidity management services and algorithmic trading.
The study defined “The Next Generation of Execution Consulting Services” as a new service level that buy-side firms are increasingly demanding from broker-dealers. The traditional interface between broker-dealers and buy-side clients has been a reactive customer support function...
To read the rest of Ms. Rodier's blog, please visit Advanced Trading's sibling news site Wall Street & Technology.
